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"Debt levels at central enterprises have declined and been effectively controlled in recent years," said Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission of the State Council.

"Despite an 8 percent decline in export of all Chinese automakers, SAIC Motor registered overseas sales of 240,000 units in the first three quarters of this year, a year-on-year growth of 15.5 percent," said Yu De, managing director of SAIC Motor international business department.

"Economic activities never existed in isolation. They are dynamic and cyclic. Since China has deeply integrated itself into globalization, it cannot expand domestic demand without the smooth operation of the global industrial and supply chains," said Wei Jianguo, vice chairman of the China Center for International Economic Exchanges.

"Expanding financing to businesses is key to help them overcome the cash flow pressures due to the COVID-19 disruption, acting as one of the backbones in this year's bailout policies," said Yang Chengzhang, a national political adviser and chief economist with Shenwan Hongyuan Securities.

"Despite the shelter-in-place in the first quarter, Baidu's total revenues declined just 7 percent year-over-year, resulting from our diversified revenue streams, including marketing services for wide-ranging industries, new AI businesses and iQiyi. With the pandemic coming under control in China, offline activities are rebounding and Baidu stands to benefit from a restart of the Chinese economy," said Robin Li, co-founder and CEO of Baidu.